The Russian Parliament, facing the prospect of additional economic sanctions, is considering amending federal laws to provide tax relief and other benefits to foreign automakers.
Industry analysts say Daimler is in dire need of a local production base, given the government’s recent decision to ban the purchase by state bodies and agencies of any cars produced outside the Customs Union of...
The automaker had negotiated a rescue plan with the Russian government to assemble Jeeps at the TagAZ facility, but that deal has expired and may be canceled.
The automaker’s confidence in Russia’s economic prospects is reflected in its decision to raise Chevrolet’s marketing and manufacturing footprint in a market where Opel already is well-established.
A government official says the significant hike in state aid is related to the continuing decline of the Russian market, adding there are no plans to provide direct financial support to automakers because of World...
Russia, which imposed the fee nine days after joining the WTO last August, argues it offsets the future cost of recycling cars and therefore is not a tax.
Daimler’s interest in Kamaz is understandable. The Russian truck maker has increased its share of the Russian commercial-vehicle market to 40%, up from 34% in 2012.
Russia, Belarus and Kazakhstan say the new tariff is meant to protect local auto makers against losses associated with significant increases of imports from the EU and in particular Germany, Italy and Turkey, in...
The auto maker is considering strengthening ties to its partners Renault and Nissan. But those companies are in no rush to grow the relationship, developing their own projects in Russia instead.